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Bloomberg
May 2, 2014 6:00am EDT
it's more entertainment. >> a job is a job. secretary clinton spoke of their trade. -- fair trade. >> fair means the government does not give one industry an advantage compared to the industry in another country. it does not nickel its currency. american companies can compete with anyone on a level playing field. >> do we have that now? you agree that we have lost a lot of textile jobs? >> i was just in china. what is striking, you buy chinese socks and walmart and there's only five percent cheaper than if you buy the same socks and china. we don't have a level playing field. >> i have a friend in china who says the same thing. >> it goes back and forth. you look at some headlines over the past couple of weeks. it for pepsi, china sales up double digits as the u.s. declines. gm, china sales rival u.s. sales. apple -- how important is china to u.s. growth? >> at the moment, not terribly important. in the future comment can be. if you look at where you are going to see income growth and consumption growth in asia -- we're not that dependent on china in the moment. , if it'sdown that
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